Manchester United (NYSE:MANU) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Manchester United (NYSE:MANU) from a strong sell rating to a sell rating in a report published on Monday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Manchester United in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Manchester United has an average rating of “Sell”.

Manchester United Price Performance

Shares of NYSE MANU opened at $17.36 on Monday. Manchester United has a twelve month low of $13.22 and a twelve month high of $19.65. The company has a current ratio of 0.32, a quick ratio of 0.30 and a debt-to-equity ratio of 2.52. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of -247.89 and a beta of 0.58. The firm has a 50-day moving average of $17.22 and a two-hundred day moving average of $16.71.

Manchester United (NYSE:MANU) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.06). Manchester United had a negative net margin of 1.39% and a negative return on equity of 4.85%. The business had revenue of $255.92 million during the quarter, compared to analyst estimates of $251.72 million.

Institutional Trading of Manchester United

Hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new stake in shares of Manchester United in the second quarter worth approximately $29,000. Quarry LP purchased a new stake in shares of Manchester United in the fourth quarter worth approximately $30,000. Garner Asset Management Corp purchased a new stake in shares of Manchester United in the fourth quarter worth approximately $97,000. Quantbot Technologies LP lifted its position in shares of Manchester United by 105.3% in the second quarter. Quantbot Technologies LP now owns 6,380 shares of the company’s stock worth $114,000 after purchasing an additional 3,273 shares in the last quarter. Finally, Saranac Partners Ltd purchased a new stake in shares of Manchester United in the third quarter worth approximately $169,000. 23.34% of the stock is owned by hedge funds and other institutional investors.

Manchester United Company Profile

Manchester United plc is a global sports and entertainment company best known for its ownership and operation of Manchester United Football Club, one of the most prominent professional football clubs in the world. The company’s core activities include the organization and promotion of competitive football matches, management of club facilities such as Old Trafford stadium, and the development of youth and academy programs. As a publicly traded entity on the New York Stock Exchange (NYSE: MANU), Manchester United plc leverages its status to expand commercial partnerships and broaden its international footprint.

The company’s revenue streams are diversified across matchday operations, broadcast rights, commercial partnerships, and licensing and merchandising.